There are many solar panel brands available on the market. Each company offers many models of panels. Even the most research-oriented consumer would be overwhelmed by the specifications and reviews of the products. However, you can choose the top 5 brands Tier1 Solar panels. Tier 1 Panels are mainly based on the financial criteria of the manufacture. In other words, the financially unsound company’s products may not up to the mark.
Since our last article on the Bloomberg New Energy Finance (BNEF) tier-1 panels back in 2019, there are major ranking changes in the top 5 positions as of Q2 2020. Most importantly, With an annual module capacity (AMC) of 18,000 MW, LONGi Solar jumped from position seven to first place. On the other hand, Canadian solar was pushed into the fourth position with 11,700 MW/year of AMC. Jinko, Risen, and JA Solar continue to be on the top 5 list. Trina (9,450MW)and Q-Cells (9,630 MW) have moved down to positions 7 and 6 respectively.
BNEF Tier-1 list tracks the “bankability” of solar panel manufacturers through their tier-1 panel. It started as a rating system to measure the creditworthiness of solar panel brands for banking and other financial institutions. Then, over the years, it has become a de facto marketing strategy for advertisements of solar installers in Australia. In this 3-tier system, the tier-1 list usually has around 35 companies.
LONGi supplies over 30GW of solar modules globally. Certainly, it is one of the world’s most valuable PV technology firms. Established in 2000, the company has revenue of over $4,7 billion and considerable investment in R&D. Above all, Longi offers a 30-year warranty on most of their modules. As of 2019, LONGi has a bi-facial module manufacturing capacity of 16GW. The maximum efficiency of their commercial P-type PERC is 24.06%. LONGi’s overseas network consists of six countries, with an Australian office in Sydney.
Established in 1986, the company has a presence in more than 30 countries in Europe, Africa, America, and Southeast Asia, employing over 6500 manpower. All Risen PV products carry TUV, CE, UL, GS, ROHS, REACH certifications. Above all, the risen product also has ISO14001, as well as ISO9001 certifications. The company deals in R&D, production, and sales of panels, batteries, as well as other PV technology products. Risen module catalog includes state-of-art mono PERC, bifacial, and 120 half cut panels. They have an annual production capacity of 6.6 GW. As of 2019, Risen has set a goal to procure up to 2GW of utility-grade solar farms in Australia.
Canadian Solar Panels is also one of the Best solar panel brands ever in the solar industry. This is a Canadian multinational solar panel company. Canadian solar received many awards in addition to Intersolar North America 2012 Solar Project Award Finalist.
Below is the list of Tier-1 Solar Panels Q2 2020
Complete List of Tier1 Solar panels Q2 2020
|2. Jinko||20. Waree|
|3. JA Solar||21. Phono|
|4. Canadian Solar||22. Neo Solar|
|5. Risen||23. HT-SAAE|
|7. Trina||25. Vietnam Sunergy|
|8. First Solar||26. Hendigan|
|9. Talesun||27. Ulicia|
|10. Eging||28. Recom|
|11. Seraphim||29. Hyundai|
|12. Suntech||30. Leapton|
|13, Astronergy||31. S-Energy|
|14. ZNShine||32. Goldi Solar|
|15. Jolywood||33. Heliene|
|16. Sunpower||34. Sharp|
|17. Jinergy||35. Swelect|
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When you think about installing rooftop solar systems, reliability and price value are the ones that are considered to be a top solar system. Above all, Install the best solar panels from professionals installers, so you don’t have to climb up the roof very often to maintain them.
Trina Solar is one of the top solar panel producers in the world. The company has done 15.915GW and revenues of RMB29.4 billion as their financial report in the year 2020. In addition, by the end of 2021, Trina Solar’s total cell production capacity is expected to reach 35GW.